U.S. regulators closed two more banks on Friday: Security Savings Bank in Henderson, Nevada, and Heritage Community Bank in Glenwood, Illinois. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. As of December 5, 2008, Heritage Community Bank had total assets of $232.9 million and total deposits of $218.6 million. While Security Savings Bank had total assets of approx. $238.3 million and total deposits of $175.2 million. The FDIC estimates that the combine cost to the Deposit Insurance Fund for both banks will be $100.7 million.
By editor Feb 28, 2009, 12:50 AM
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